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Yes. Why wouldn't it be? It's a next-gen console, designed to play next-gen games.

However, doesn't mean the previous gen ends. I expect the PS3 to get past the 360 in the end, and when all is said and done, I expect to see something like this:

Wii- 105-110mil
PS3- 80-85mil
360-77-83mil

Roughly...I expect a sharp decrease in PS360 sales soon, especially when WiiU launches



 

Here lies the dearly departed Nintendomination Thread.